More about property in the Clifton area from local property experts.
What types of properties are available in the area?
Clifton is the country’s top-ranked suburb with properties priced to as much as R150m and more at the top end. Although there are still some older apartments and houses below the R10m to R15m mark, these are quite rare, and apartments, especially newer units and those with stunning views, can sell for upwards of R8m for 58m2. Luxury apartments on the sea side of Victoria Road, though, can range to as much as R45m for 400m2, reaching levels of R112,000 to R146,465/m2 in Eventide. Luxury villas start at around R30m and can range to R150m and more for large homes in Nettleton Road, the most sought-after address in the country.
What can buyers expect to pay for property?
Clifton’s seaside beach bungalows start from around R25m for a small unrenovated bungalow, to around R40m for a bungalow at the water’s edge, and over R100m for newly built bungalows positioned on The Ridge with private parking. Houses start from around R15m for a house which is landlocked and located on “the steps”, between Kloof and Victoria Road without any parking, and ranges up to around R150m for a Nettleton Road villa, the most sought-after address on the African continent. Clifton apartments range between R10m for a two-bedroom, two-bathroom mountain-side apartment and up to R100m for a new, upmarket seaside, four-bedroom, four-bathroom apartment with direct access to the beach. The highest price achieved recently for a two-bedroom, two-bathroom front-facing apartment in Eventide was R146,000/m2 and R138,000/m2 for a one-bedroom 59m2 apartment in Heronwater, achieved by Pam Golding Properties.
What attracts buyers to the area?
Buyers choose Clifton because of its prime location on exclusive world-class beaches, backed by Table Mountain, coupled with its breathtaking ocean and sunset views. Flanked by Camps Bay and the V&A Waterfront, residents have easy access to vibrant gourmet restaurants and five-star shopping. Some of the owners of the luxurious lock-up-and-go residences emphasise the advantage of the close proximity of Cape Town International Airport with direct links to major international cities. Clifton offers an unmatched value for lifestyle relative to international prices for equivalent accommodation. Exclusivity is enhanced by Clifton offering only 212 freehold homes and 266 sectional title apartments.
This article originally appeared in Neighourhood, Sunday Times.
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